XOMA appoints Owen Hughes interim CEO, Brad Sitko CIO; CEO James Neal retires

XOMA Royalty Corp

Owen Hughes named Interim CEO, Executive Chairman and board member effective Jan 1, 2023; base salary $125,000.
Hughes receives inducement options: 100K shares at $18.66 and 75K at $30.00.
Bradley Sitko appointed Chief Investment Officer effective Jan 3, 2023; base $500,000, signing bonus $110,000.
Sitko gets inducement options: 300K shares at $18.66 and 250K at $30.00.
James Neal retired as CEO and resigned from board; entitled to $1.16M severance paid monthly through Dec 2023.

item 5.02

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Appointed (interim)

Owen Hughes

Interim Chief Executive Officer

XOMA · XOMA Royalty Corp

Effective: 2023-01-01
Filed: January 4, 2023, 6:59 PM ET

appointed Owen Hughes as our Interim Chief Executive Officer and principal executive officer and as a member of our Board and Executive Chairman of our Board, effective as of January 1, 2023.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Owen Hughes was appointed as Interim Chief Executive Officer at XOMA Royalty Corp.

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

appointed Owen Hughes as our Interim Chief Executive Officer and principal executive officer and as a member of our Board and Executive Chairman of our Board, effective as of January 1, 2023.

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XOMA Royalty Corp filing history →

Source: SEC EDGAR

accession 0001193125-23-001214

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